Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2016 | May. 13, 2016 | |
Document And Entity Information [Abstract] | ||
Entity Registrant Name | Madison Technologies Inc. | |
Entity Central Index Key | 1,318,268 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2016 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 11,302,000 | |
Trading Symbol | MDEX | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2,016 |
Interim Consolidated Balance Sh
Interim Consolidated Balance Sheets (Unaudited) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
CURRENT ASSETS | ||
Cash | $ 436 | $ 501 |
Total Assets | 436 | 501 |
CURRENT LIABILITIES | ||
Accounts payable and accrued liabilities | 42,009 | 36,315 |
Notes Payable and accrued interest - Note 5 | 111,293 | 107,592 |
Convertible notes payable - Note 8 | 128,083 | 122,083 |
Related party advance - Note 6 | 261 | 261 |
TOTAL LIABILITIES | 281,646 | 266,251 |
STOCKHOLDERS’ DEFICIENCY | ||
Common Stock - Note 7 Par Value:$0.0001 Authorized 500,000,000 shares Issued and outstanding: 11,302,000 shares | 11,302 | 11,302 |
Additional Paid in Capital | 224,600 | 224,600 |
Accumulated other comprehensive loss | 945 | 3,109 |
Accumulated deficit | (518,057) | (504,761) |
Total stockholders’ deficiency | (281,210) | (265,750) |
Total liabilities and stockholders’ deficiency | $ 436 | $ 501 |
Interim Consolidated Balance S3
Interim Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Mar. 31, 2016 | Dec. 31, 2015 |
Statement of Financial Position [Abstract] | ||
Common stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 11,302,000 | 11,302,000 |
Common stock, shares outstanding | 11,302,000 | 11,302,000 |
Interim Consolidated Statements
Interim Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Income Statement [Abstract] | ||
Revenues | ||
Operating expenses | ||
General and administrative | $ 5,759 | $ 15,402 |
Operating expenses, total | 5,759 | 15,402 |
Loss before other expense | (5,759) | (15,402) |
Other expense - interest | (7,537) | (7,283) |
Net loss | (13,296) | (22,685) |
Other comprehensive income (loss) | ||
Translation gain (loss) | (2,164) | 2,872 |
Total comprehensive loss | $ (15,460) | $ (19,813) |
Net loss per share - Basic and diluted | $ (0.001) | $ (0.002) |
Average number of shares of common stock outstanding | 11,302,000 | 11,302,000 |
Interim Consolidated Statement5
Interim Consolidated Statements of Stockholders’ Deficiency (Unaudited) - USD ($) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | Dec. 31, 2014 | |
Common Stock [Member] | ||||
Balance | $ 11,302 | $ 11,302 | $ 11,302 | $ 11,302 |
Balance, shares | 11,302,000 | 11,302,000 | 11,302,000 | 11,302,000 |
Foreign currency adjustments | ||||
Convertible debt - Note 8 | ||||
Net Loss | ||||
Balance | $ 11,302 | $ 11,302 | $ 11,302 | |
Balance, shares | 11,302,000 | 11,302,000 | 11,302,000 | |
Additional Paid-In Capital [Member] | ||||
Balance | $ 224,600 | $ 199,600 | $ 199,600 | $ 174,600 |
Foreign currency adjustments | ||||
Convertible debt - Note 8 | $ 25,000 | $ 25,000 | ||
Net Loss | ||||
Balance | $ 224,600 | $ 224,600 | $ 199,600 | |
Accumulated Other Comprehensive Income [Member] | ||||
Balance | 3,109 | (2,746) | (2,746) | (5,814) |
Foreign currency adjustments | $ (2,164) | $ 5,855 | $ 3,068 | |
Convertible debt - Note 8 | ||||
Net Loss | ||||
Balance | $ 945 | $ 3,109 | $ (2,746) | |
Accumulated Deficit [Member] | ||||
Balance | $ (504,761) | (440,276) | $ (440,276) | $ (358,560) |
Foreign currency adjustments | ||||
Convertible debt - Note 8 | ||||
Net Loss | $ (13,296) | $ (64,485) | $ (81,716) | |
Balance | (518,057) | (504,761) | (440,276) | |
Balance | (265,750) | (232,120) | (232,120) | (178,472) |
Foreign currency adjustments | (2,164) | 5,855 | 3,068 | |
Convertible debt - Note 8 | 25,000 | 25,000 | 25,000 | |
Net Loss | (13,296) | $ (22,685) | (64,485) | (81,716) |
Balance | $ (281,210) | $ (265,750) | $ (232,120) |
Interim Consolidated Statement6
Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Cash Flows from operating activities: | ||
Net loss | $ (13,296) | $ (22,685) |
Amortization of convertible debt discount recorded as interest | 6,000 | 5,750 |
Accrued interest on notes payable | 1,537 | 1,533 |
Changes assets and liabilities | ||
Accounts payable and accruals | 5,694 | 10,546 |
Net cash used in operating activities | $ (65) | $ (4,856) |
Cash Flows from financing activities: | ||
Notes payable | ||
Proceeds of convertible notes payable | $ 25,000 | |
Net Cash provided by financing activities | 25,000 | |
Net increase (decrease) in cash | $ (65) | 20,144 |
Cash, beginning of period | 501 | 3,230 |
Cash, end of period | 436 | 23,374 |
SUPPLEMENTAL DISCLOSURE | ||
Interest | $ 7,537 | $ 7,283 |
Taxes paid |
Interim Reporting
Interim Reporting | 3 Months Ended |
Mar. 31, 2016 | |
Notes to Financial Statements | |
Interim Reporting | Note 1 Interim Reporting While the information presented in the accompanying interim nine months consolidated financial statements is unaudited, it includes all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented in accordance with accounting principles generally accepted in the United States of America. These interim financial statements follow the same accounting policies and methods of their application as the Companys December 31, 2015 annual consolidated financial statements. All adjustments are of a normal recurring nature. It is suggested that these interim financial statements be read in conjunction with the Companys December 31, 2015 annual financial statements. Operating results for the three months ended March 31, 2016 are not necessarily indicative of the results that can be expected for the year ended December 31, 2016. |
Nature and Continuance of Opera
Nature and Continuance of Operations | 3 Months Ended |
Mar. 31, 2016 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Nature and Continuance of Operations | Note 2 Nature and Continuance of Operations The Company was incorporated on June 15, 1998 in the State of Nevada, USA and the Companys common shares are publicly traded on the OTC Bulletin Board. Up until fiscal 2014, the Company was in the business of mineral exploration. On May 28, 2014, the Company formalized an agreement whereby it purchased assets associated with a smokeless cannabis delivery system. The Company planned to develop this system for commercial purposes. On December 14, 2014, this asset purchase agreement was terminated. On January 21, 2015, a majority of the Companys stockholders approved a consolidation of the issued and outstanding shares of common stock, on a 10 for 1 basis, thereby decreasing the issued and outstanding share capital from 113,020,000 to 11,302,000. On March 11, 2015, the Company effectively changed its name from Madison Explorations, Inc. to Madison Technologies Inc. and effected the stock consolidation. These financial statements give retroactive effect to both these changes. These consolidated financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next twelve months. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At March 31, 2016, the Company had not yet achieved profitable operations, has accumulated losses of $518,057 since its inception and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Companys ability to continue as a going concern. The Companys ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances. That said, there is no assurance of additional funding being available. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2016 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Note 3 Summary of Significant Accounting Policies T here have been no changes in accounting policies from those disclosed in the notes to the audited consolidated financial statements for the year ended December 31, 2015. |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2016 | |
Accounting Changes and Error Corrections [Abstract] | |
Recent Accounting Pronouncements | Note 4 Recent Accounting Pronouncements The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any pronouncement not yet effective but recently issued would, if adopted, have a material effect on the accompanying financial statements. |
Notes Payable
Notes Payable | 3 Months Ended |
Mar. 31, 2016 | |
Debt Disclosure [Abstract] | |
Notes Payable | Note 5 Notes Payable The Company has two notes payable to Paleface Holdings Inc. Each note is unsecured and payable on demand. a) $25,000 note with annual interest payable at 8%. As at March 31, 2016, accrued interest on the note was $22,297 (March 31, 2015 - $20,297). The note payable balance including accrued interest was $47,297 as at March 31, 2016 (March 31, 2015 - $45,297). Interest on the debt for each of the three months ended March 31 was $500. b) $23,132 ($30,000 CDN) with annual interest payable at 5% As at March 31, 2016, accrued interest on the note was $10,409 (March 31, 2015 - $11,296). The note payable balance including accrued interest was $33,541 as at March 31, 2016 (March 31, 2015 - $33,218). Interest on debt for the three months ended March 31 was $289 in 2016 and $296 in 2015. The company also has an unsecured note payable on demand to Gens Incognito Inc. for $25,000. As at March 31, 2016, accrued interest on the note was $5,454 (March 31, 2015 - $2,446). The note payable balance including accrued interest was $30,454 as at March 31, 2016 (March 31, 2015 - $27,446) |
Related Party Advance
Related Party Advance | 3 Months Ended |
Mar. 31, 2016 | |
Related Party Transactions [Abstract] | |
Related Party Advance | Note 6 Related Party Advance In 2008 the President advanced the Company $561 repayable without interest or any other terms. The unpaid balance as at March 31, 2016 is $261. There were no related party transactions during the three months ended March 31, 2016. |
Common Stock
Common Stock | 3 Months Ended |
Mar. 31, 2016 | |
Equity [Abstract] | |
Common Stock | Note 7 Common Stock On January 21, 2015, a majority of the Companys stockholders approved a consolidation of the issued and outstanding shares of common stock, on a 10 for 1 basis, thereby decreasing the issued and outstanding share capital from 113,020,000 to 11,302,000. This was effected on March 11, 2015. This consolidation has been applied retroactively and all references to the number of shares issued reflect this consolidation. On June 15, 1998 the Company authorized and issued 5,375,000 shares of its common stock in consideration of $430 in cash. ($.00008 per share.) On June 7, 2004 the Company issued 5,907,000 in consideration of $472 in cash. ($.00008 per share.) On June 14, 2001 the Company approved a forward stock split of 5,000:1. These financial statements have been retroactively adjusted to effect this split. On March 30, 2006 the Company entered into a private placement agreement whereby the Company issued 20,000 Regulation-S shares in exchange for $50,000. ($2.50 per share). There are no shares subject to warrants, options or other agreements as of March 31, 2016. |
Convertible Note Payable
Convertible Note Payable | 3 Months Ended |
Mar. 31, 2016 | |
Debt Disclosure [Abstract] | |
Convertible Note Payable | Note 8 Convertible Notes Payable In total there are eight convertible notes payable. All notes are non-interest bearing, unsecured and payable on demand. The notes are convertible into common stock at the discretion of the holder on four different conversion rate: $0.01 debt to 1 common share, $0.045 to 1; $0.005 to $1 and $0.15 to 1. The effect that conversion would have on earnings per share has not been disclosed due to the anti-dilutive effect. There are four convertible notes payable convertible on the basis of $0.01 of debt to 1 common share. The balance of the first convertible note payable convertible on the basis of $0.01 of debt to 1 common share is as follows: Mar 31, 2016 Dec 31, 2015 Balance Proceeds from promissory note $ 40,000 $ 40,000 Value allocated to additional paid-in capital 40,000 40,000 Balance allocated to convertible note payable - - Amortized discount 40,000 40,000 Balance, convertible note payable $ 40,000 $ 40,000 The total discount of $40,000 was amortized over 5 years starting April, 2008. No interest was recorded in either the three months ended March 31, 2016 or 2015. The balance of the second convertible note payable convertible on the basis of $0.01 of debt to 1 common share is as follows: Mar 31, 2016 Dec 31, 2015 Balance Proceeds from promissory note $ 20,000 $ 20,000 Value allocated to additional paid-in capital 20,000 20,000 Balance allocated to convertible note payable - - Amortized discount 20,000 20,000 Balance, convertible note payable $ 20,000 $ 20,000 The total discount of $20,000 was amortized over 5 years starting June, 2010. No interest was recorded in the three months ended March 31, 2016. Interest of $1,000 was recorded for the three months ended March 31, 2015. The balance of the third convertible note payable convertible on the basis of $0.01 of debt to 1 common share is as follows: Mar 31, 2016 Dec 31, 2015 Balance Proceeds from promissory note $ 25,000 $ 25,000 Value allocated to additional paid-in capital 25,000 25,000 Balance allocated to convertible note payable - - Amortized discount 18,750 17,750 Balance, convertible note payable $ 18,750 $ 17,750 The total discount of $25,000 is being amortized over 5 years starting July, 2012. Accordingly, the annual interest rate is 20% and for the three months ended March 31, 2016 and 2015, $1,250 was recorded as interest expense. As at March 31, 2016 the unamortized discount is $6,250. The balance of the fourth convertible note payable convertible on the basis of $0.01 of debt to 1 common share at is as follows: Mar 31, 2016 Dec 31, 2015 Balance Proceeds from promissory note $ 25,000 $ 25,000 Value allocated to additional paid-in capital 25,000 25,000 Balance allocated to convertible note payable Amortized discount 15,000 13,750 Balance, convertible note payable $ 15,000 $ 13,750 The total discount of $25,000 is being amortized over 5 years starting April, 2013. Accordingly, the annual interest rate is 20% and for the three months ended March 31, 2016 and 2015, $1,250 was recorded as interest expense. As at March 31, 2016 the unamortized discount is $10,000. There are two convertible notes payable convertible on the basis of $0.005 of debt to 1 common share. The balance of the first convertible note payable convertible on the basis of $0.005 of debt to 1 common share is as follows: Mar 31, 2016 Dec 31, 2015 Balance Proceeds from promissory note $ 10,000 $ 10,000 Value allocated to additional paid-in capital 10,000 10,000 Balance allocated to convertible note payable - - Amortized discount 10,000 9,500 Balance, convertible note payable $ 10,000 $ 9,500 The total discount of $10,000 is being amortized over 5 years starting April, 2011. Accordingly, the annual interest rate is 20% and for the three months ended March 31, 2016 and 2015, $500 was recorded as interest expense. As at March 31, 2016, the unamortized discount is $0. The balance of the second convertible note payable convertible on the basis of $0.005 of debt to 1 common share is as follows: Mar 31, 2016 Dec 31, 2015 Balance Proceeds from promissory note $ 10,000 $ 10,000 Value allocated to additional paid-in capital 10,000 10,000 Balance allocated to convertible note payable - - Amortized discount 9,750 9,250 Balance, convertible note payable $ 9,750 $ 9,250 The total discount of $10,000 is being amortized over 5 years starting May, 2011. Accordingly, the annual interest rate is 20% and for the three months ended March 31, 2016 and 2015, $500 was recorded as interest expense. As at March 31, 2016, the unamortized discount is $250. There is one convertible notes payable convertible on the basis of $0.045 of debt to 1 common share The balance of this convertible note payable is as follows: Mar 31, 2016 Dec 31, 2015 Balance Proceeds from promissory note $ 25,000 $ 25,000 Value allocated to additional paid-in capital 25,000 25,000 Balance allocated to convertible note payable - Amortized discount 9,583 8,333 Balance, convertible note payable $ 9,583 $ 8,333 The total discount of $25,000 is being amortized over 5 years starting May, 2014. Accordingly, the annual interest rate is 20% and for the three months ended March 31, 2016 and 2015 $1,250 was recorded as interest expense. As at March 31, 2016 the unamortized discount is $15,417. There is one convertible notes payable convertible on the basis of $0.15 of debt to 1 common share The balance of this convertible note payable is as follows: Mar 31, 2016 Dec 31, 2015 Balance Proceeds from promissory note $ 25,000 $ 25,000 Value allocated to additional paid-in capital 25,000 25,000 Balance allocated to convertible note payable Amortized discount 5,000 3,750 Balance, convertible note payable $ 5,000 $ 3,750 The total discount of $25,000 is being amortized over 5 years starting April, 2015. Accordingly, the annual interest rate is 20% and for the 3 months ended December 31, 2016 $3,750 was recorded as interest expense. As at March 31, 2016 the unamortized discount was $20,000. |
Convertible Note Payable (Table
Convertible Note Payable (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Debt Disclosure [Abstract] | |
Schedule of Convertible Notes Payable | The balance of the first convertible note payable convertible on the basis of $0.01 of debt to 1 common share is as follows: Mar 31, 2016 Dec 31, 2015 Balance Proceeds from promissory note $ 40,000 $ 40,000 Value allocated to additional paid-in capital 40,000 40,000 Balance allocated to convertible note payable - - Amortized discount 40,000 40,000 Balance, convertible note payable $ 40,000 $ 40,000 The balance of the second convertible note payable convertible on the basis of $0.01 of debt to 1 common share is as follows: Mar 31, 2016 Dec 31, 2015 Balance Proceeds from promissory note $ 20,000 $ 20,000 Value allocated to additional paid-in capital 20,000 20,000 Balance allocated to convertible note payable - - Amortized discount 20,000 20,000 Balance, convertible note payable $ 20,000 $ 20,000 The balance of the third convertible note payable convertible on the basis of $0.01 of debt to 1 common share is as follows: Mar 31, 2016 Dec 31, 2015 Balance Proceeds from promissory note $ 25,000 $ 25,000 Value allocated to additional paid-in capital 25,000 25,000 Balance allocated to convertible note payable - - Amortized discount 18,750 17,750 Balance, convertible note payable $ 18,750 $ 17,750 The balance of the fourth convertible note payable convertible on the basis of $0.01 of debt to 1 common share at is as follows: Mar 31, 2016 Dec 31, 2015 Balance Proceeds from promissory note $ 25,000 $ 25,000 Value allocated to additional paid-in capital 25,000 25,000 Balance allocated to convertible note payable Amortized discount 15,000 13,750 Balance, convertible note payable $ 15,000 $ 13,750 The balance of the first convertible note payable convertible on the basis of $0.005 of debt to 1 common share is as follows: Mar 31, 2016 Dec 31, 2015 Balance Proceeds from promissory note $ 10,000 $ 10,000 Value allocated to additional paid-in capital 10,000 10,000 Balance allocated to convertible note payable - - Amortized discount 10,000 9,500 Balance, convertible note payable $ 10,000 $ 9,500 The balance of the second convertible note payable convertible on the basis of $0.005 of debt to 1 common share is as follows: Mar 31, 2016 Dec 31, 2015 Balance Proceeds from promissory note $ 10,000 $ 10,000 Value allocated to additional paid-in capital 10,000 10,000 Balance allocated to convertible note payable - - Amortized discount 9,750 9,250 Balance, convertible note payable $ 9,750 $ 9,250 There is one convertible notes payable convertible on the basis of $0.045 of debt to 1 common share The balance of this convertible note payable is as follows: Mar 31, 2016 Dec 31, 2015 Balance Proceeds from promissory note $ 25,000 $ 25,000 Value allocated to additional paid-in capital 25,000 25,000 Balance allocated to convertible note payable - Amortized discount 9,583 8,333 Balance, convertible note payable $ 9,583 $ 8,333 There is one convertible notes payable convertible on the basis of $0.15 of debt to 1 common share The balance of this convertible note payable is as follows: Mar 31, 2016 Dec 31, 2015 Balance Proceeds from promissory note $ 25,000 $ 25,000 Value allocated to additional paid-in capital 25,000 25,000 Balance allocated to convertible note payable Amortized discount 5,000 3,750 Balance, convertible note payable $ 5,000 $ 3,750 |
Nature and Continuance of Ope16
Nature and Continuance of Operations (Details Narrative) - USD ($) | Jan. 21, 2015 | Mar. 31, 2016 | Dec. 31, 2015 |
Common stock conversion basis | Issued and outstanding shares of common stock, on a 10 for 1 basis. | ||
Common stock, shares issued | 11,302,000 | 11,302,000 | |
Common stock, shares outstanding | 11,302,000 | 11,302,000 | |
Accumulated losses | $ 518,057 | $ 504,761 | |
Maximum [Member] | |||
Common stock, shares issued | 113,020,000 | ||
Common stock, shares outstanding | 113,020,000 | ||
Minimum [Member] | |||
Common stock, shares issued | 11,302,000 | ||
Common stock, shares outstanding | 11,302,000 |
Notes Payable (Details Narrativ
Notes Payable (Details Narrative) | 3 Months Ended | ||
Mar. 31, 2016USD ($) | Mar. 31, 2015USD ($) | Mar. 31, 2016CAD | |
Gens Incognito Inc [Member] | |||
Accrued interest on note | $ 5,454 | $ 2,446 | |
Notes payable balance including accrued interest | 30,454 | 27,446 | |
Unsecured note payable | 25,000 | ||
Notes Payable Annual Interest Payable At 8% [Member] | |||
Notes payable | $ 25,000 | ||
Annual interest payable | 8.00% | ||
Accrued interest on note | $ 22,297 | 20,297 | |
Notes payable balance including accrued interest | 47,297 | 45,297 | |
Interest on debt | 500 | ||
Notes Payable Annual Interest Payable At 5% [Member] | |||
Notes payable | $ 23,132 | ||
Annual interest payable | 5.00% | ||
Accrued interest on note | $ 10,409 | 11,296 | |
Notes payable balance including accrued interest | 33,541 | 33,218 | |
Interest on debt | $ 289 | $ 296 | |
Notes Payable Annual Interest Payable At 5% [Member] | CDN [Member] | |||
Notes payable | CAD | CAD 30,000 |
Related Party Advance (Details
Related Party Advance (Details Narrative) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Dec. 31, 2008 | |
Related party transaction | ||
President [Member] | ||
Related party advance due | $ 561 | |
Related party unpaid balance | $ 261 |
Common Stock (Details Narrative
Common Stock (Details Narrative) - USD ($) | Jan. 21, 2015 | Mar. 30, 2006 | Jun. 07, 2004 | Jun. 14, 2001 | Jun. 15, 1998 | Mar. 31, 2016 | Dec. 31, 2015 |
Common stock conversion basis | Issued and outstanding shares of common stock, on a 10 for 1 basis. | ||||||
Common stock, shares issued | 11,302,000 | 11,302,000 | |||||
Common stock, shares outstanding | 11,302,000 | 11,302,000 | |||||
Common shares issued for cash, shares | 5,907,000 | 5,375,000 | |||||
Common shares issued for cash | $ 472 | $ 430 | |||||
Issuance of stock, price per share | $ 2.50 | $ 0.00008 | $ 0.00008 | ||||
Forward stock split ratio | Forward stock split of 5,000:1 | ||||||
Number of shares issued in private placement agreement | 20,000 | ||||||
Number of shares issued in private placement agreement exchange value | $ 50,000 | ||||||
Maximum [Member] | |||||||
Common stock, shares issued | 113,020,000 | ||||||
Common stock, shares outstanding | 113,020,000 | ||||||
Minimum [Member] | |||||||
Common stock, shares issued | 11,302,000 | ||||||
Common stock, shares outstanding | 11,302,000 |
Convertible Note Payable (Detai
Convertible Note Payable (Details Narrative) | 3 Months Ended | |
Mar. 31, 2016USD ($)Notes | Mar. 31, 2015USD ($) | |
Number of convertible notes payable | Notes | 8 | |
Convertible notes descriptions | The notes are convertible into common stock at the discretion of the holder on four different conversion rate: $0.01 debt to 1 common share, $0.045 to 1; $0.005 to $1 and $0.15 to 1. The effect that conversion would have on earnings per share has not been disclosed due to the anti-dilutive effect. There are four convertible notes payable convertible on the basis of $0.01 of debt to 1 common share. | |
Amortization of debt discount | $ 6,000 | $ 5,750 |
First Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member] | ||
Amortization of debt discount | $ 40,000 | $ 40,000 |
Amortization period of discount | 5 years | 5 years |
Second Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member] | ||
Amortization of debt discount | $ 20,000 | $ 20,000 |
Amortization period of discount | 5 years | 5 years |
Interest expense debt | $ 1,000 | $ 1,000 |
Third Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member] | ||
Amortization of debt discount | $ 25,000 | $ 25,000 |
Amortization period of discount | 5 years | 5 years |
Annual interest rate of debt | 20.00% | 20.00% |
Interest expense debt | $ 1,250 | $ 1,250 |
Unamortized discount | 6,250 | |
Fourth Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member] | ||
Amortization of debt discount | $ 25,000 | $ 25,000 |
Amortization period of discount | 5 years | 5 years |
Annual interest rate of debt | 20.00% | 20.00% |
Interest expense debt | $ 1,250 | $ 1,250 |
Unamortized discount | 10,000 | |
First Convertible Note Payable Convertible on Basis of $0.005 of Debt to 1 Common Share [Member] | ||
Amortization of debt discount | $ 10,000 | $ 10,000 |
Amortization period of discount | 5 years | 5 years |
Annual interest rate of debt | 20.00% | 20.00% |
Interest expense debt | $ 500 | $ 500 |
Unamortized discount | 0 | |
Second Convertible Note Payable Convertible on Basis of $0.005 of Debt to 1 Common Share [Member] | ||
Amortization of debt discount | $ 10,000 | $ 10,000 |
Amortization period of discount | 5 years | 5 years |
Annual interest rate of debt | 20.00% | 20.00% |
Interest expense debt | $ 500 | $ 500 |
Unamortized discount | 250 | |
Convertible Notes Payable Convertible on Basis of $0.045 of Debt to 1 Common Share [Member] | ||
Amortization of debt discount | $ 25,000 | $ 25,000 |
Amortization period of discount | 5 years | 5 years |
Annual interest rate of debt | 20.00% | 20.00% |
Interest expense debt | $ 1,250 | $ 1,250 |
Unamortized discount | 15,417 | |
Convertible Notes Payable Convertible on Basis of $0.15 of Debt to 1 Common Share [Member] | ||
Amortization of debt discount | $ 25,000 | $ 25,000 |
Amortization period of discount | 5 years | 5 years |
Annual interest rate of debt | 20.00% | 20.00% |
Interest expense debt | $ 3,750 | $ 3,750 |
Unamortized discount | $ 20,000 |
Convertible Note Payable - Sche
Convertible Note Payable - Schedule of Convertible Notes Payable (Details) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
First Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member] | ||
Proceeds from promissory note | $ 40,000 | $ 40,000 |
Value allocated to additional paid-in capital | $ 40,000 | $ 40,000 |
Balance allocated to convertible note payable | ||
Amortized discount | $ 40,000 | $ 40,000 |
Balance, convertible note payable | 40,000 | 40,000 |
Second Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member] | ||
Proceeds from promissory note | 20,000 | 20,000 |
Value allocated to additional paid-in capital | $ 20,000 | $ 20,000 |
Balance allocated to convertible note payable | ||
Amortized discount | $ 20,000 | $ 20,000 |
Balance, convertible note payable | 20,000 | 20,000 |
Third Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member] | ||
Proceeds from promissory note | 25,000 | 25,000 |
Value allocated to additional paid-in capital | $ 25,000 | $ 25,000 |
Balance allocated to convertible note payable | ||
Amortized discount | $ 18,750 | $ 17,750 |
Balance, convertible note payable | 18,750 | 17,750 |
Fourth Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member] | ||
Proceeds from promissory note | 25,000 | 25,000 |
Value allocated to additional paid-in capital | $ 25,000 | $ 25,000 |
Balance allocated to convertible note payable | ||
Amortized discount | $ 15,000 | $ 13,750 |
Balance, convertible note payable | 15,000 | 13,750 |
First Convertible Note Payable Convertible on Basis of $0.005 of Debt to 1 Common Share [Member] | ||
Proceeds from promissory note | 10,000 | 10,000 |
Value allocated to additional paid-in capital | $ 10,000 | $ 10,000 |
Balance allocated to convertible note payable | ||
Amortized discount | $ 10,000 | $ 9,500 |
Balance, convertible note payable | 10,000 | 9,500 |
Second Convertible Note Payable Convertible on Basis of $0.005 of Debt to 1 Common Share [Member] | ||
Proceeds from promissory note | 10,000 | 10,000 |
Value allocated to additional paid-in capital | $ 10,000 | $ 10,000 |
Balance allocated to convertible note payable | ||
Amortized discount | $ 9,750 | $ 9,250 |
Balance, convertible note payable | 9,750 | 9,250 |
Convertible Notes Payable Convertible on Basis of $0.045 of Debt to 1 Common Share [Member] | ||
Proceeds from promissory note | 25,000 | 25,000 |
Value allocated to additional paid-in capital | $ 25,000 | $ 25,000 |
Balance allocated to convertible note payable | ||
Amortized discount | $ 9,583 | $ 8,333 |
Balance, convertible note payable | 9,583 | 8,333 |
Convertible Notes Payable Convertible on Basis of $0.15 of Debt to 1 Common Share [Member] | ||
Proceeds from promissory note | 25,000 | 25,000 |
Value allocated to additional paid-in capital | $ 25,000 | $ 25,000 |
Balance allocated to convertible note payable | ||
Amortized discount | $ 5,000 | $ 3,750 |
Balance, convertible note payable | $ 5,000 | $ 3,750 |
Convertible Note Payable - Sc22
Convertible Note Payable - Schedule of Convertible Notes Payable (Details) (Parenthetical) - $ / shares | Mar. 31, 2016 | Dec. 31, 2015 |
First Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member] | ||
Debt conversion price per share | $ 0.01 | $ 0.01 |
Second Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member] | ||
Debt conversion price per share | 0.01 | 0.01 |
Third Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member] | ||
Debt conversion price per share | 0.01 | 0.01 |
Fourth Convertible Note Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member] | ||
Debt conversion price per share | 0.01 | 0.01 |
First Convertible Note Payable Convertible on Basis of $0.005 of Debt to 1 Common Share [Member] | ||
Debt conversion price per share | 0.005 | 0.005 |
Second Convertible Note Payable Convertible on Basis of $0.005 of Debt to 1 Common Share [Member] | ||
Debt conversion price per share | 0.005 | 0.005 |
Convertible Notes Payable Convertible on Basis of $0.045 of Debt to 1 Common Share [Member] | ||
Debt conversion price per share | 0.045 | 0.045 |
Convertible Notes Payable Convertible on Basis of $0.15 of Debt to 1 Common Share [Member] | ||
Debt conversion price per share | $ 0.15 | $ 0.15 |